Common use of Performance of the Agreement Clause in Contracts

Performance of the Agreement. In accordance with the regulatory requirements of the listing locations of the Company (including but not limited to the Listing Rules of the Stock Exchange of Hong Kong and the Rules Governing the Listing of Sotcks on Shanghai Stock Exchange), an annual cap of transaction shall be set for the continuing connected transactions under this agreement. Where the annual cap for the transactions of the Agreed Provision requires the approval by the independent shareholders of the Company, the continuation of such transactions shall be subject to the approval of the independent shareholders of the Company. Where, in any year, the actual amount of such transactions exceeds the annual cap as approved by the independent shareholders of the Company, both parties should terminate the transactions of products and Materials and the transactions of leasing of equipments which are in excess of the annual cap approved by the independent shareholders before the Company has performed the approval procedures according to the regulatory requirements of the listing locations.

Appears in 1 contract

Samples: Yanzhou Coal Mining Co LTD

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Performance of the Agreement. In accordance with the regulatory requirements of the listing locations of the Company (including but not limited to the Listing Rules of the The Stock Exchange of Hong Kong Limited and the Rules Governing the Listing of Sotcks Stocks on Shanghai Stock Exchange), an annual cap of transaction shall be set for the continuing connected transactions under this agreement. Where the annual cap for the labor and services transactions of the Agreed Provision requires the approval by the independent shareholders of the Company, the continuation of such transactions shall be subject to the approval of the independent shareholders of the Company. Where, in any year, the actual amount of such transactions exceeds the annual cap as approved by the independent shareholders of the Company, both parties should terminate the transactions provision of products labor and Materials and the transactions of leasing of equipments which are services in excess of the annual cap approved by the independent shareholders before the Company has performed the approval procedures according to the regulatory requirements of the listing locations.

Appears in 1 contract

Samples: Yanzhou Coal Mining Co LTD

Performance of the Agreement. In accordance with the regulatory requirements of the listing locations of the Company (including but not limited to the Listing Rules of the The Stock Exchange of Hong Kong Limited Listing Rules and the Rules Governing the Listing of Sotcks Stocks on Shanghai Stock Exchange), an annual cap of transaction shall be set for the continuing connected transactions of provision of electricity and heat under this agreement. Where the annual cap for the transactions of the Agreed Provision requires the approval by the independent shareholders of the Company, the continuation continuity of such transactions shall be subject to the approval of the independent shareholders of the Company. Where, in any year, the actual amount of such transactions exceeds the annual cap as approved by the independent shareholders of the Company, both parties should terminate the transactions provision of products electricity and Materials and the transactions of leasing of equipments heat which are is in excess of the annual cap approved by the independent shareholders before the Company has performed the approval procedures according to the regulatory requirements of the listing locations.

Appears in 1 contract

Samples: Yanzhou Coal Mining Co LTD

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Performance of the Agreement. In accordance with the regulatory requirements of the listing locations of the Company (including but not limited to the Listing Rules of the The Stock Exchange of Hong Kong Limited and the Rules Governing the Listing of Sotcks Stocks on Shanghai Stock Exchange), an annual cap of transaction shall be set for the continuing connected transactions under this agreement. Where the annual cap for the administrative service transactions of the Agreed Provision requires the approval by the independent shareholders of the Company, the continuation of such administrative service transactions shall be subject to the approval of the independent shareholders of the Company. Where, in any year, the actual amount of such transactions exceeds the annual cap as approved by the independent shareholders of the Company, both parties should terminate the transactions of products and Materials and the transactions of leasing of equipments which are administrative services in excess of the annual cap approved by the independent shareholders before the Company has performed the approval procedures according to the regulatory requirements of the listing locations.

Appears in 1 contract

Samples: Yanzhou Coal Mining Co LTD

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